US investigates Tether for sanctions, cash laundering violations – WSJ

US investigates cash laundering sanctions, violations – WSJ

• The US federal authorities is investigating Tether for attainable violations of sanctions and anti-money laundering guidelines.
• The investigation is checking whether or not Tether has been used to finance unlawful actions resembling drug trafficking, terrorism, hacking or to launder proceeds.
• The investigation is being performed by the U.S. Lawyer's Workplace in Manhattan.
• The Treasury Division, in the meantime, is contemplating sanctioning Tether over the widespread use of its cryptocurrency by U.S.-sanctioned people and teams, together with the terrorist group Hamas and Russian arms sellers. .